A: Yes, LendingTree lenders offer both unsecured debt consolidation loans and debt consolidation loans that are secured with your home equity. If you own a home, the advantage of choosing a home equity loan is that it usually carries a lower interest rate than an unsecured loan, since your house is now collateral. But with either loan, you will likely end up with lower monthly payments than you have now by consolidating your debt -- particularly if you are carrying a substantial balance on high-interest credit cards.
Consolidating your debt is also a good way to bring your debts under control so you can start to pay them off in an organized manner. It’s a lot easier to have just one creditor to pay each month than it is to keep track of several different monthly payments.
The big advantage of applying for a loan through LendingTree is that you will be able compare offers from up to four different lenders quickly and easily. Visit our Debt Consolidation Center where you will find that Option 1 offers home equity loans and if you scan down to Option 4, you can request an unsecured, personal debt consolidation loan.
Dan Moore Vice President, Product Management
Get a FREE LendingTree Guide to Home Equity Loans when you request a home equity loan through LendingTree.
Loan rates and regulations vary over time, and the answers reflect the law and rate environment at the time of writing.
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